variable

indicators

construction

source

lnfdi

OFDI total scale

ln(ofdi)

China Global Investment Tracker

lnifdi

intensive margin

ln(average ofdi)

exfdi1

extensive margin

the number of industries

exfdi2

extensive margin

the number of enterprises

cor

corruption

c o r = 10 c p i

Transparency International

coc2

square of corruption

square of

lnmar

market size

ln(host country GDP)

World Bank database

lnlab

labor cost

ln(host country per capita GDP)

ggdp

economic potential

GDP growth rate of host country

open

trade openness

(export + import)/host country GDP

res

resource endowment

total resource rent of the host country